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Economy
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Iran war pushes rupiah close to historic low
The currency briefly breached the psychological threshold of Rp 17,000 per US dollar on Monday morning, flirting with the historic low of Rp 17,300 registered during the Asian financial crisis of 1997 and 1998.
3 hours ago
Markets
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IDX slides as oil shock, Fitch downgrade rattle investors
The sell-off in Jakarta mirrors a broader slide across Asian markets, where economies heavily reliant on Gulf oil shipments remain particularly sensitive to surging energy prices.
7 hours ago
Economy
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Danantara readies up to $1b to develop subsidized housing in Meikarta
Despite being framed as a corporate contribution to support public housing, analysts pointed out that transfers of strategic urban land to the state are rarely neutral in economic terms.
8 hours agoThe Latest
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Economy
Dollar surges as Middle East war sends oil above $110 a barrel
The dollar was up 0.9 percent at $1.1518 on the euro, its highest since November.
9 hours ago
Economy
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Coal supply ‘secured’ amid production cuts, PLN says
PLN's reassurances stand in stark contrast to warnings from independent power producers, whose stockpiles have fallen to an average of 10 operating days, well below the 25-day benchmark considered ideal.
10 hours ago
Economy
South Korea to impose fuel price cap to shield economy from energy shock
Speaking at an emergency meeting on the impact of the Middle East crisis, Lee said the government would "swiftly introduce and boldly implement" a maximum price system on petroleum products "that have recently seen excessive price increases".
11 hours ago
Economy
Vietnam mulls removing fuel duties as Mideast war hits supplies
The ministry of finance said Sunday it had drafted a decree that would slash import tax rates to zero on some petroleum products to "help stabilize the domestic market and ensure national energy security".
12 hours ago
Markets
Dollar jumps as Middle East war sends oil above $100 a barrel
The dollar surged on Monday as soaring oil prices sent investors scrambling for cash on worries that a protracted Middle East war could severely disrupt energy supplies and hurt global growth.
13 hours agoPopular
- Responsibility to protect
- Stocks set for tough week, oil eyes big gains as Middle East war rages
- Analysis: Desperately seeking funds for Red and White cooperatives
- Wilmar executive, lawyers found guilty in $4 million palm oil bribery case
- Breaking barriers for women in soccer
- Indonesian pop singer Vidi Aldiano dies after battle with kidney cancer
- Police probe kidnapping, murder of Ukrainian tourist in Bali
- Fuel price hike in the cards if budget ‘can’t bear’ oil subsidy
- Why the Philippines needs dedutertefication
- Indonesia seeks suspension of concessions against EU in palm oil dispute
tech
OpenAI strikes Pentagon deal with 'safeguards' as Trump dumps Anthropic
Trump had ordered the government to stop using Anthropic, calling it a threat to national security after it refused to agree to unconditional military use of its Claude models.
1 week ago
tech
Where AI lives: Southeast Asia's data center boom
New data centers -- warehouse-like facilities that store online files and power AI tools from chatbots to image generators -- are mushrooming worldwide, and the sector is growing particularly fast in Asia.
1 week ago
tech
AI 'arms race' risks human extinction, warns top computing expert
Tech CEOs are locked in an artificial intelligence "arms race" that risks wiping out humanity, top computer science researcher Stuart Russell told AFP on Tuesday, calling for governments to pull the brakes.
2 weeks ago
tech
Job threats, rogue bots: five hot issues in AI
As artificial intelligence evolves at a blistering pace, world leaders and thousands of other delegates will discuss how to handle the technology at the AI Impact Summit, which opens Monday in New Delhi.
2 weeks ago
tech
China’s ByteDance releases Doubao 2.0 AI model for 'agent era'
China's ByteDance has rolled out its Doubao 2.0 model, an upgrade of the country's most widely used artificial-intelligence app, the company said on Saturday.
3 weeks ago
economy
Dollar surges as Middle East war sends oil above $110 a barrel
The dollar was up 0.9 percent at $1.1518 on the euro, its highest since November.
9 hours ago
economy
South Korea to impose fuel price cap to shield economy from energy shock
Speaking at an emergency meeting on the impact of the Middle East crisis, Lee said the government would "swiftly introduce and boldly implement" a maximum price system on petroleum products "that have recently seen excessive price increases".
11 hours ago
economy
Vietnam mulls removing fuel duties as Mideast war hits supplies
The ministry of finance said Sunday it had drafted a decree that would slash import tax rates to zero on some petroleum products to "help stabilize the domestic market and ensure national energy security".
12 hours ago
economy
India's economy is booming, but uneven growth clouds ascent
India is the fastest-growing major economy, but not everyone has been able to enjoy the boom times as opportunities remain uneven.
1 day ago
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companies
MR. D.I.Y. brings modern retail concept with second flagship opening
PT Daya Intiguna Yasa (MR.D.I.Y. Indonesia), Indonesia's largest home goods retailer, has officially opened its second flagship store at Summarecon Mall Bekasi 2 in Bekasi, West Java.
6 days ago
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markets
Dollar jumps as Middle East war sends oil above $100 a barrel
The dollar surged on Monday as soaring oil prices sent investors scrambling for cash on worries that a protracted Middle East war could severely disrupt energy supplies and hurt global growth.
13 hours ago
markets
Shares slide, oil surges on risk of lengthy Middle East conflict
Share markets slid in Asia on Monday as the inflationary pulse from surging oil prices threatened to raise living costs, and perhaps interest rates, across the globe, while an investor hunger for liquidity kept the US dollar in demand.
16 hours ago
markets
US weighs oil futures market action to combat price spikes, White House says
The US Treasury Department is expected to announce measures aimed at combating rising energy prices in the wake of the Iran conflict, including potential action involving the oil futures market, a senior White House official said.
3 days ago
markets
Stocks set for tough week, oil eyes big gains as Middle East war rages
Asia stocks fell on Friday and were headed for their sharpest weekly drop in six years while oil prices were poised for their biggest jump in four years in a turbulent week for global markets as the conflict in the Middle East showed few signs of easing.
3 days ago
markets
Seoul leads rebound across Asian stocks, oil extends gains
Asian equities jumped Thursday after a three-day rout sparked by the Middle East war, but concerns about an extended conflict helped oil extend gains, while analysts warned of more volatility ahead.
4 days ago
markets
Record selloff in Seoul leads stock rout as markets brace for energy shock
Asian stocks tanked on Wednesday, with a record-breaking market crash in Seoul, as investors dumped crowded bets on chipmakers on worries a widening Middle East war will drive an oil shock that raises inflation and delays interest rate cuts.
5 days ago
